LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Asian Metals Market Update: August-17-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 17 August 2017 | Print  | Disqus 

Russia is moving away from the US dollar to crypto currencies as a way to evade USA led trade sanctions. Other anti NATO nations will also follow the same. Nations adopting crypto currencies is the beginning of a new era for global trade. Some bitcoin trading portals do not allow Americans to trade in there to prevent the FBI from gobbling them up. Gold will get competition from crypto currencies but I also see more and more people buying gold with bitcoins. We are in the last phase of the US dollar death story. The US dollar death will also take a large number of human lives in the form of America unleashing war in every nook and corner of the world. The transition phase wherein the world moves away from the US dollar to another widely accepted and respected global currency will be the best phase for gold bulls. Trading these days is a fight between machines. Algorithms and artificial intelligence (AI) bots fight with each other every second in the trading world. This is also one the reasons why gold and silver trade at a slower pace.


Interest rate factors are coming into play as chances of a December interest rate hike by the Federal Reserve reduced on lower inflation. On the political front Trump’s disbanded business advisory council also lifted gold. Industrial metals zoomed on mine production news along with key technical breakouts. Technically gold, silver and copper are bullish. If they are able to trade over current prices today, then there should be at least three percent more rise before close.


COMEX SILVER SEPTEMBER 2017 – current price $1707.90

Bullish over $1690 with $1736.50 and $1773 as price target

Bearish below $1677.00 with $1649.80 and $1619.50 as price target

Neutral Zone between: $1677.00-1690.0

·         Silver needs to trade over $1686 today and tomorrow to rise to $1764 and $1811.70.

·         There is a mini double bottom around $1655. Overall bullish trend is intact as long as silver trades over $1655.

MCX SILVER SEPTEMBER 2017 – previous day close Rs.38863

Silver can rise to 39533 and 40281 as long as it trades over 38584. Mild sell off only below 38584. However bullish trend is intact as long as silver trades over 38100 till tomorrow.

(prices in Indian rupees above)

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Trade without emotions

"Print this report only if absolutely necessary. Save Paper. Save Trees."


Follow us on Twitter @insigniaconsul1

UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)




Customer care/Whatsapp/Telegram: 9311139549

You can also mail your queries at ‘s

Chat Id: (gtalk), (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)


| Digg This Article
 -- Published: Thursday, 17 August 2017 | E-Mail  | Print  | Source:

comments powered by Disqus
1080-81, Ugger Sen Street,”Somani Bhawan”
Sita Ram Bazar, New Delhi-110006. India.
Ph: [O] 91-11-30919880 [M] 09811139549


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.